should the government make up stricter rules for banks?


I personally think that the government should make stricter rules for banks for example:

  • no lending out loans to anyone who have a credit score of under 600
  • before handing out loans, check their reason and if it is reasonable, check their bank account
  • make sure they can pay back the money by checking their credit score and bank account

these are some of the rules that I think the government could make for banks.

Comments (2)

  • Tiff-Avatar.jpg Tiff @ Topical Talk
    07 Dec 2018

    Can you explain what a credit score is and why you would set this limit?

    1. Notley-Green-logo-250x250.jpg rational_engineer | Notley Green Primary School
      Tiff @ Topical Talk's comment 20 Dec 2018

      A credit score is a score that tells banks if they can lend a loan to that person. I would set this limit because 600 is quite a good score so then anyone with a score of under 600 can't have a loan

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